Tag Archives: Crypto Bits

Ripple has secured some vital collaborations this year, including the deal with the Swiss-based crypto custody provider Metaco and the one with Fortress Trust (a financial institution focused on digital currencies). According to some experts, those efforts could benefit the blockchain enterprise by allowing it to provide various services and opportunities to users. Ripple Been Busy One such individual who shares that stance is the Ripple enthusiast going by the name...

Binance continues delisting certain cryptocurrencies. It’s the world’s largest cryptocurrency exchange, and it’s important to keep tabs on the coins that are being removed from it because this usually carries certain implications. The exchange doesn’t cite the exact reason for its decision but says that there are multiple factors, low liquidity, and trading volume being among them. This time, Binance will remove and cease trading for the following pairs: At 03:00 UTC, the...

According to the blockchain intelligence platform Glassnode, the percentage of Ethereum addresses currently in profit has dropped to approximately 53.5%.  The downtrend is attributed to Ether’s market performance, whose price has fallen by approximately 13% in the past 30 days. Glassnode estimated that the last time Ethereum addresses in profit dipped below 54% was on January 12, 2023. The percentage was even less towards the end of 2022 and the first few days of the ongoing...

Market depth is an interesting concept to understand, especially for those who are into cryptocurrency trading. In essence, it’s a way to gauge how liquid a certain cryptocurrency is and if its order book is healthy and can consume a certain number of orders. That said, Ripple’s XRP is one of the most traded altcoins on the market, and it boasts a massive daily volume across most of the major cryptocurrency exchanges. Therefore, it’s interesting to take a look at how much...

The pseudonymous X (Twitter) user “Shib Informer” believes that the price of Shiba Inu will go up once investors display a huge appetite for the memecoin.  According to them, such a demand could be triggered by lowering the fees on Shibarium and increasing its utilization. “Shib Informer” thinks that having “really low” transaction fees could attract developments where people could “utilize the ecosystem while having a little impact on their finances.” “I really understand...

The crypto community on X (Twitter) was baffled recently after an anonymous Bitcoin user paid a whopping 19.89 BTC (over $500,000) in transaction fees to move just 0.074 BTC (worth less than $2,000 at current rates). The payment went to the Bitcoin mining pool F2Pool that generated the valid block. The team behind the entity revealed that the transaction will be put on hold for three days in case the person or organization who conducted it wants to claim it back. Otherwise,...

The ongoing case between the United States Securities and Exchange Commission is one that the entire cryptocurrency community has its sights set on. But, for some reason, it’s just as polarizing. There doesn’t seem to be room for a middle ground, as it’s always been a make-or-break type of situation. Now, however, one user has decided to bring up the question of a settlement. In a discussion on X, Marc Fagel – a former SEC Regional Director, chipped in on the ongoing dispute...

Data provided by Shibarium Explorer revealed that overall transactions on the layer-2 blockchain solution have reached almost two million. Recall that the network built on Ethereum that aims to increase transaction speed, lower costs, and elevate Shiba Inu above its rivals went live approximately two weeks ago. Shibarium Eyes a New Milestone According to the entity, the exact total number of daily transactions on Shibarium (as of the moment) stands at 1,951,468. The number of...

Insight from Coinmarketcap suggests that the SHIB/USDT market in Binance has more depth than all other SHIB markets in other exchanges.  According to market depth insights from CoinMarketCap, about $775k in funds could induce a 2% surge in price for SHIB on the Binance exchange. Conversely, a deduction of $1.1 million from the SHIB/USDT market in Binance could drive a price drop by 2%.  The data is quite different for the SHIB/USD pair. About $546k can cause a 2% surge in...

An unknown Ethereum address that has existed for over eight years has just made its first transfer for 185 ETH. In another intriguing transfer of the day, 830 BTC were moved from an unknown wallet to Bitstamp. The on-chain monitoring tool Whale Alert outlined the ETH ICO participant and their behavior on September 7. The wallet, which was created over eight years ago, even before the Ethereum Initial Coin Offering, moved 185 ETH (worth just over $300,000 at the time of the...